Raj owns zero-coupon bonds with a face value of $300,000 that will mature in exactly three years from today. Raj has also just started a PhD program, which he believes will be finished in seven years. Raj would like to buy a house when he is finished the PhD program, and knows he should invest the proceeds from the zero until then. He decides to enter into a contract today that will invest the cash until his expected graduation date. Given the yield curve below, how much will Raj's $300,000 investment be worth when he graduates? (20 marks) Tenure (years) 1 2 3 4 5 6 7 8 Interest Rate 4.21% 4.86% 5.42% 5.95% 6.44% 6.72% 6.87% 7.00%